Thank you, Mr. President. I want to thank the Senator for her kind words and continuing commitment to work on revenue-sharing measures. As her new role as the Chair of the Energy and Natural Resources Committee, that is going to happen this year, which is exciting. As the Senator mentioned, I filed an amendment to this bill with regard to revenue sharing and worked very closely with my new Senate colleague, Bill Cassidy, and others. This is important now more than ever, particularly in light, unfortunately, of the Obama administration's recently announced 5-year OCS plan. That plan is grossly inadequate. It really chops up and goes down even lower than we have been with regard to the development of our Outer Continental Shelf. Revenue sharing is one key way to reverse that trend and produce more American energy in a safe and environmentally sensitive way and have all of this benefit, including, by the way, the Federal Treasury. My revenue-sharing amendment and other revenue-sharing ideas--certainly including those Senator Murkowski is working on--would do just that. We have three fundamental goals in mind. First of all, we need to expand production activity on our U.S. Outer Continental Shelf. Secondly, we need to treat host States right. They have benefits like the economic benefits we enjoy in Louisiana, but there are also costs and burdens. There are absolutely impacts to coastal communities.…
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